BP set to use Rosneft billions to help bolster its flagging share price
Monday 19 November 2012
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BP could be poised to buy back up to £4bn of shares to prop up its flagging share price, in a move likely to anger American regulators. The oil giant has a war chest from the $12.3bn sale of its stake in TNK-BP to Russia's Rosneft. BP said last week it would pay $4.5bn to resolve criminal and civil charges over the April 2010 rig explosion in the Gulf of Mexico that killed 11 workers and caused the worst US offshore oil spill. A BP spokesman declined to comment on reports that it will engage in a share buyback.
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Exclusive: Woolwich attack suspect attended meetings of banned Islamist group - and were known by security services
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That's some guestlist! Stunning images show huge dynastic wedding between Ultra-Orthodox Jewish families which attracted 25,000 guests
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'Sickening, deluded and unforgivable': Horrific attack brings terror to London’s streets
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World news in pictures
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Ingrid Loyau-Kennett, the mother-of-two hailed as a hero for confronting Woolwich attackers, thought: 'better me than a child'
- 1 Exclusive: Woolwich attack suspect attended meetings of banned Islamist group - and were known by security services
- 2 'Sickening, deluded and unforgivable': Horrific attack brings terror to London’s streets
- 3 Grace Dent: I’m not sure how these people can avoid being called ‘bigots’. And the more ‘civilised’, the worse they are
- 4 Ingrid Loyau-Kennett, the mother-of-two hailed as a hero for confronting Woolwich attackers, thought: 'better me than a child'
- 5 Woolwich attack: The EDL will seek to exploit this evil crime for their own evil ends
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